Fitch Rates Southern California Edison's $500MM First & Rfdg Mortgage Bonds Series 2008C 'A+'...

Thursday October 9, 12:28 pm ET NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an 'A+' rating to Southern California Edison's (SCE) issuance of $500 million 5.75% first and refunding mortgage bonds, series 2008C, due 2014. The notes were priced on Tuesday, Oct. 7, 2008 and the transaction is expected to close on Oct. 15, 2008. Proceeds from the issuance will be used to repay short-term debt and for general corporate purposes. The Rating Outlook for SCE is Stable. Fitch's rating definitions and the terms of use of... [read full story]